South Korea's Financial Services Commission hints at extending short-selling ban on stocks
Hawk_Finance
2023-11-10 17:44:03
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On November 9, according to media reports, Kim Joo-hyun, head of the Korea Financial Services Commission (FSC), said at a congressional audit meeting when asked about a possible extension of the short-selling ban: "I think if the current situation does not improve, we will have to consider many issues.。The FSC banned short selling of shares from Monday, citing market volatility and illegal short selling that adversely affected market stability.。The ban on short selling is valid until the end of June next year.。At a previous press conference, Kim had said whether to restart short selling after the first half of next year would be decided based on the overall situation at the time, such as market trends and the implementation of system improvements.。
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